5+ Financial Charts
Good Morning Denmark. The Bulls & Bears continue with Swiss Frank, Yen, Pound, Euro, SP 500, and Bitcoin Dailies.
1) USDCHF . Bears bein Bears
London, look for pullback. New York, bears bein bears.
**current price .99273 **
Resistance approaching 1.00238 (+.00965) and the 13MA .99806 (+.00533)
October Historical Support approaching at .98625 (-.00648).
RSI/STO hovering around oversold and selling conditions since New Years.
MACD suggests short.
MA’s show downtrend with approaching 200 MA at approaching support.
Fibonaci: measuring from December 15 recent highs to Tuesdays recent lows these are the following levels.
.23 level is near upcoming resistance at .99743.
.38 level is next next resistance at 1.00447
.5 level . resistance 1.01015
.68 level . resistance 1.01583
**Overall - **In my day overalls meant a pair of denim pants you wore when you were a carpenter. Now a day my overall opinion on USDCHF is initially from TWP. They had this chart on their watchlist for a downtrend continuation based on some basic technical analysis. Overall I agree. London, look for pullback. New York, bears bein bears.
2) USDJPY. I'm a Bear
**113.336 current
**
Juicy oranges. Whispy support and resistance . Main support encounter being a fourth retest of 112.612 level. MAs 200 crossover could push the the downward fan out. 13 MA approaches near 113.866.
RSI/STO suggest oversold, MACDshows sell.
Fibs used a high from December 15 to a low January 31. The .23 level at 113.604 is very close. After that is the .38 level of 114.564. The .5 fib also offering historical resistance at 115.339.
Overall look for napkin help with this orange. The 112.612 is an interesting level of activity. Something has got to give. That’s three bounces off the same area on the daily with the DollarYen. I want to pour some juice and wait for bear signs around 112.612.
3) EURUSD Bulls Take Center
** Current Price. 1.07676
**
Resistance
1.08714
1.09887 . Historical and approaching 200 MA.
Support
1.06866
1.06492
1.06237
RSI/STO and MACD indicate buying.
MA’s have begun a crossover fan to the upside.
Fibonaci Retracement Levels
.23 level is 1.06997
.38 level 1.06313
.5 level 1.05761
.68 level 1.05208
Overall I have no idea. Ever. I thought Bowling would make a good first date. EURUSD possible pullback to 1.06997 areas before Bulls carry on to 1.08714.
4) GBPUSD . Bull Ride Upper Range
** Current Price 1.26739
**
Resistance
1.27274
1.30 near the approaching 200 MA
Support
1.25469
1.24139
RSI/STO oversold for weeks.
MACD dwindling signs to sell.
MA’s . price is overextended but showing signs of a crossover fan to the upside.
Fibonaci possible retracement before continued up trend.
.23 level is 1.25124
.38 level 1.24106
.5 level 1.23284
.68 level 1.22462
Overall
A slow bull climbs the hill. Possible retracements but overall confident pound in the face of change. Currently in a bullish pattern range.
5) SP 500 . Bulls Up
**Current Price . 2279.6
**
Resistance
2298.4
Support
2257.2
RSI/STO
Showing Sell Signs
MACD
Flat
MA’s
Price has pulled back into the 13 and 21 MA’s, could continue upward or break from here.
Fibonaci areas for pullback
.23 level is 2249.3
.38 level 2217.5
.5 level 2191.8
.68 level 2166.1
Overall I can not see it falling back past 2249 before continuing upward for a while. Zooming in on a smaller time frame for entries to the upside.
6) BTCUSD . Pullbacks before Bull On
** Current Price 987.118**
Resistance
1026.34
1135.06
Support
912.30
754.38
RSI/STO . Overbought
MACD. Flat
MA’s . Overbought ranging but has the potential for upward movement.
Fibonaci retracement possibilities.
.23 level is 932.09
.38 level 897.40
.5 level 869.37
.68 level 841.33
Overall Pullback to the MA’s before continuation of uptrend. I've decided to put on the overalls and eat another orange.
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Jacob TS
Interesting analysis. Linked in Trade_ideas on Steemit.chat. =)